POWERED BY MOMENTUM MEDIA
Challenger to add annuities to HUB24
Challenger and HUB24 have announced that the former’s annuities should be available to advisers and clients on the platform by the 2019 financial year.
The two companies said that the annuities would be available via ConnectHUB technology, which was a collaboration between HUB24 and its subsidiary, Agility Applications.
The move would add to Challenger’s three-year history of making its annuities available on superannuation investment and administration platforms. By the end of 2018, the firm anticipated that its annuities would be available on platforms used by two thirds of financial advisers.
Challenger chief executive, Brian Benari, said the move onto HUB24 showed that income products such as annuities were growing in importance.
“HUB24 is one of the fastest growing platforms in the market and is recognised for its innovation and customer-focused approach,” he said.
“This is a further demonstration of how superannuation industry leaders are moving to meet the needs of retirees as lifetime income stream products become an increasingly important option in retirement.”
Recommended for you
The fund’s inaugural chief retirement officer is looking to establish a new venture.
The financial services company has made two senior appointments to its super and investments leadership team.
The $89 billion fund has named co-chief investment officers following the resignation of Andrew Lill earlier this month.
The industry body is adding 25 years of financial services experience to its leadership team with a new appointment.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
